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Nifty ends higher with modest gains on Monday

05 May 2025 Evaluate

Indian equity benchmark -- Nifty -- ended higher with modest gains on Monday amid easing global trade tensions. Index made an optimistic start followed by strong positive cues from wall street on Friday overnight amid sustained foreign fund inflow. A sharp drop in crude oil prices also aided domestic sentiments. Soon, index gained traction as some support came with Reserve Bank of India’s (RBI) statement that India's foreign exchange reserves rose $1.983 billion to $688.129 billion in the week that ended on April 25, extending gains for the eight straight week. Besides, Chief Economic Advisor (CEA) Dr V Anantha Nageswaran expressed confidence in the economy's resilience and said India's economy is in good shape despite the challenging global environment. In afternoon session, index off day’s high but continued their trade in green till the end of day.

Most of the sectorial indices ended in red except PSU Bank and Private Bank stocks. The top gainers from the F&O segment were Adani Total Gas, Adani Enterprises and Adani Green Energy. On the other hand, the top losers were Kotak Mahindra Bank, JSW Steel and Godrej Properties. In the index option segment, maximum OI continues to be seen in the 24400 - 24600 calls and 23900 - 24100 puts indicating this is the trading range expectation.

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